Bitcoin Suisse is preparing a major restructuring that could eliminate or relocate up to 60 of its approximately 120 positions in Switzerland. The Swiss crypto financial services provider confirmed the plans on September 11, 2026, framing the changes as a step toward building a broader international wealth and asset management platform rather than a response to crypto market conditions.

The company, which employs roughly 200 people worldwide, intends to concentrate software development and back-office functions in international operating hubs. Affected roles will primarily involve administrative and technical work. Zug will remain the headquarters and the center for customer-facing activities, including client advisory and wealth management for private and institutional clients.

Consultation Process and Timeline

A staff consultation period is underway and is scheduled to conclude on September 20. The final number of positions affected will be determined after employees have the opportunity to submit proposals that could reduce or alter the scale of reductions. Initial changes are expected to take effect before the end of 2026.

As part of the reorganization, Bitcoin Suisse will close its IT development office in Copenhagen. The firm plans to expand its existing presence in Bratislava and establish a new operational hub in Vietnam in the coming years. Specific details on the Vietnamese site’s location, opening timeline, and staffing levels have not been disclosed.

Strategic Shift Beyond Crypto Services

Founded in Zug in 2013, Bitcoin Suisse currently offers cryptocurrency trading, custody, staking, and lending services to private and institutional clients. As of early 2026, the group reported approximately 3 billion Swiss francs in crypto assets under custody, equivalent to about 3.7 billion USD, and held 95 million Swiss francs in equity.

The company has been expanding its regulatory footprint to support cross-border growth. It secured licenses in Liechtenstein and Bermuda earlier in 2026, and its Middle East subsidiary obtained full regulatory approval in Abu Dhabi in July. These steps align with a stated strategy, outlined in June, to target institutional clients, family offices, asset managers, and high-net-worth individuals while developing a wider wealth management offering.

Company statements emphasize cost efficiency, access to talent, and the impact of new technologies, including artificial intelligence, on staffing needs. Switzerland will continue to host the core of the customer-facing business under the Bitcoin Suisse name.

Broader Context in Swiss Finance

The planned reductions occur amid wider job cuts across the Swiss financial sector. Other institutions have separately announced significant workforce reductions, though Bitcoin Suisse’s changes are specifically tied to its geographic and business-model transformation.

Bitcoin Suisse maintains offices in Liechtenstein, Abu Dhabi, and Bermuda in addition to its Swiss base and the planned Southeast Asian hub. The reorganization separates certain technical and support functions from the Swiss headquarters while keeping wealth management activities centered in Zug.

The firm has not indicated that the staffing adjustments will disrupt existing client services such as custody, trading, staking, or lending. Final details on the distribution of remaining roles in Switzerland are expected after the consultation process concludes.